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Let s talk oil.
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jazzietan
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03-Mar-2016 09:04
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1 leg down, 2 hands up
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jazzietan
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03-Mar-2016 08:55
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But bulls will be cap cos of maintenance season...upside shld be in summer
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jazzietan
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03-Mar-2016 08:52
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Demand for gasoline grow strength by strength. Hell to tesla | ||||
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Qanghoo
Supreme |
03-Mar-2016 07:45
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Pardon my rather lengthy posts.  Just summarise - from the current global perspective,  the optimism for oil is, to me, realistic n hardly any blind calls. 
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Qanghoo
Supreme |
03-Mar-2016 07:30
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The big qn is how long are we gonna wait for China to re-ignite the high-speed growth engine.  Of course, a lot of us are hoping it' d be sooner rather than later.  Well, from what I' ve been reading lately, there is some tentative optimism.  Property seems set to boom once more (hopefully it doesn' t get out of hand too soon).  The stock mkts appear finally to be stabilising after tanking to a much lower base.   Macau' s gambling revenue  looks like  showing some early hope that PRC patrons are returning (meaning confidence in China cld be building).  N, if German automakers' optimism is anything to go by, the China car mkt cld  probably be seeing some green shoots too.  But it' s early days yet.  Fingers crossed though cos it cld spell  brighter times for our local economy n mkt too going forward. 
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Qanghoo
Supreme |
03-Mar-2016 07:13
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Is this the first mth that China  is throwing up such low manufacturing data?  Whole of last yr, such seemingly drab figures have appeared a number of times already.  Yet, we all seem to forget that China in 2015, although growing slower (Christine Lagarde believes the slowdown was deliberate), was growing at 6.9%.  Together with India,  they were probably still the two nations with the highest growth globally in 2015.  N lest we overlook, it is likely that China will again clock growth above 6% (projected 6.4-7%) this yr, double spore' s  (projected at between 1-3%).    So,  in perspective, oil is a supply n not demand issue.  The demand growth is stilll there, if somewhat tepid.  But the problem is while demand is growing at around 1 mil bpd, supply is being gushed out at > 1 mil bpd in excess of demand growth.  So, please note the difference between slowing demand and slowing demand growth.  Also,  to bear in mind is that China imported record volume of oil in 2015.  On the other hand, where is the  inventory problem?  It' s in America.   As 2015 progressed into 2016, the inventory build in America exploded past the 500 mil barrel mark.  Yet,  the convenient excuse is  China' s slowdown is the culprit.  But, again my personal view, is this cld be China' s yr.  If China' s growth speeds up, n major oil producers don' t tik kee with one another to keep pumping as if they were trying to get rid of a flooding river, it is not impossible to see oil u-turning to even 80 USD by yr end.  Obviously though, it' s not gonna happen anytime soon.  The main obstacle, to my mind, is the near impossibility of OPEC cajoing the arrogantly obstinate American shalers to their fold.  The ray of hope, albeit short-term, other than OPEC n Russia talking oil px from sinking further with all their wayang, again from my perspective, is more shalers going bankrupt at current px to substantially disrupt American supply even more.  Then oil wld have some space to probably crane to 50-60 while the shalers re-group (from what we are hearing, not sure how accurate though, is it cld take 1-2 yrs for them to re-emerge). 
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victortan
Elite |
03-Mar-2016 02:27
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Didn' t knw temasek bought this counter. But that is 2010, dont knw got sell already. I think they lost lot of money. thanks for the link.., but at this point even if they has the shr, i dont think they dare to buy more.
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makdatok
Supreme |
03-Mar-2016 02:09
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Though things dont look clear,many many investor/traders look at possiblity of oil nations production cut...if that happens,2-300% of px surge/profit oso possible...such a juicy entisement n deter shorties to press allout ....waving at longies to stopby..thats why px is steady..eheem
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littleones
Veteran |
03-Mar-2016 01:45
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http://www.bloomberg.com/news/articles/2010-05-12/temasek-invests-in-chesapeake-as-part-of-1-2-billion-spent-on-resources
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victortan
Elite |
03-Mar-2016 01:28
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No, i didnti say our sovereign fund bought CHK? I really dont know where u hear this, if they did, they better hang themselves, they must had buy vy high. And if kaput our $ gone.
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littleones
Veteran |
03-Mar-2016 01:22
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Is our sovereign fund still holding CHK?
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victortan
Elite |
03-Mar-2016 01:18
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mkt do follow fundamental, but that fundamental is 6 month down the road. So stock will soar first, as investor is forward looking. Those bad news and lousy data are past, already happened and history. Mkt dont buy history. Mkt is alway ahead of the curve.  
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victortan
Elite |
03-Mar-2016 01:10
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rest assure, we got a choice, if one want to follow blindly, then he deserve to loss. If he want to bet, then he better bet small and with stop loss strictly,  to make $, we have to follow the trend, the trend is your friend. not follow call, follow chart, follow yr analysis. if just plain following then one deserve to lose. I am betting on near bankruptcy, I dont suggest ppl to follow, if u want to follow then if kaput, your sorrow, u old enough to choose wisely. But i think if oil is back to 60$ long term n just one chip i bet did not dies and go on to soar, I will get multi fold return.  imagine buy 20c, and sell for 40$ , will i be rich, but if 2 chip survive i will be even richer, but say if 3 kaput i lose a few K it is better chance than toto and 4 D, this is a calculated bet, not blind bet. wish me luck, pls dyodd. 
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yNotcool
Member |
03-Mar-2016 00:51
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i am quite surprise actually that market can digest a so low a manufacturing data from china, soverign debt cutting and huge inventory built with consistenly USD$33-35 price. are market truly irrational, investors simple immunely to current bad news or the oil price has ' truly' sound a footing towards higher prices. i really dont know even china market is staging a strong bull run for past few days. but like the rest of the short lived ' bull runs' in dec' 15 and before please doydd behind following into calls here blindly    |
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victortan
Elite |
03-Mar-2016 00:47
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35$ coming by end of the day.hope so. |
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victortan
Elite |
03-Mar-2016 00:43
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It is a gamble,wish me luck. and again very strange hor, oil is 34.5$ like i say early tonite even with inventories so high. wahaha.
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luca_brasi
Member |
03-Mar-2016 00:25
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UPL for quick trade or LT investment ? They only have $25M left in cash with $268M in Account Payable, $62M in Short-Term debt and $3...Billion in Long-Term debt. Even if they can restructure debt, Chapter 11 looks more likely...
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papayaface
Supreme |
03-Mar-2016 00:03
Yells: "This is the best time to enter....when everythings uncertain" |
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Wow crude oil cheong strongly again today. Tomorrow all commodities will huat. Good luck |
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makdatok
Supreme |
02-Mar-2016 23:47
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Doesnt matter so long d bags smell oil...can move along until crude reach 40...
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victortan
Elite |
02-Mar-2016 22:50
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i bght CHK, CRC, n UPL, I am already in good profit, if they dont kaput, I will be vy rich. and as they soar I will add on. Better than betting on Ezra, vard or O n G listed on STI |
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